OPEC

SINGAPORE (Jan 12): Saudi Arabia was said to cut February crude sales to China and southern Asian nations while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.

SINGAPORE (Jan 5): With the production cut announced by OPEC in November, RHB Research has forecast crude oil prices will average at US$60 a barrel for 2017.

Global markets rose for the week ended Dec 5 as investors shrugged off higher bond yields and Italy’s failed referendum. The Standard & Poor’s 500 index eked out a 0.1% gain but the US dollar snapped a three-week rally, closing 1.2% lower. Emerging ma

SINGAPORE (Dec 27): The Singapore market faces several challenges in the year ahead, many of which are upcoming world events whose outcomes are beyond the predictive scope of analysts and economists.

NEW DELHI (Dec 20): Air travellers globally are bracing for higher fares after OPEC decided last month to cut output. Not in India, the world’s fastest-growing major aviation market.

SINGAPORE (Dec 19): 2017 is to remain a challenging for year oil services & equipment providers even with the gradual recovery of oil prices, says DBS Vickers Securities, which has rated the sector as “underweight” in its Market Focus 2017 Outlook rep

SINGAPORE (Dec 19): While oil market prospects may be improving after OPEC’s move to initiate production cuts, DBS Vickers Securities is taking a “neutral” stance on Singapore’s offshore and marine (O&M)/China yards.

SYDNEY (Dec 6): Some of Asia’s marquee airlines that spoil passengers with free alcohol and in-flight entertainment may soon have to kick the habit.

(Dec 1): OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years.

SINGAPORE (Oct 18): While Singapore registered a decline in exports by 1.3% y-o-y for the month of September, Maybank Kim Eng is highlighting that the steeper 6.2% contraction in imports has led to “this year’s highest trade surplus” of  more than